Topic > S-1

Twitter updated its S-1 prospectus today and told the world it will be listing on the New York Stock Exchange, not the NASDAQ. In addition, the company confirmed that it would list under the symbol TWTR.

The new features are a coup for Microsoft, which is getting an app for its mobile platform that isn’t a rebrand of another platform’s app but a fully integrated, fully native, and fully optimized app just for Windows Phone.

Not content with the research side, NanoString places a lot of emphasis on its technology’s usefulness in clinical settings for present-day patient care. Unfortunately, one of the biggest risk factors for this IPO is the company’s consistent losses.

Zynga filed a revised S-1 this morning with the SEC that contained a number of interesting details. It pegged the price of its recent purchase of NYC game company OMGPOP at $180 million. The filing also revealed the company will sell just under 43 million shares in a secondary offering. And while CEO Mark Pincus is offloading about 15 percent of his shares, his voting power will stay very much intact.

Wall Street likes data. Annual reports and quarterly reports move markets. If Wall Street could access daily data on the ins-and-outs of a company, it would. Hedge funds have been known to use analysis of satellite imagery of Wal-Mart parking lots to try to get a jump on the markets.

As VentureBeat’s Jolie O’Dell pointed out yesterday, Facebook CEO Mark Zuckerberg managed to strike a deal with some key investors and friends that gives him 57 percent of the shareholder voting power. For a public company, it’s an almost unheard of concentration of authority, a troubling sign for those who focus on shareholder rights.

Mark Zuckerberg controls a majority of Facebook’s voting rights, and will continue to enjoy that control after it goes public, according to an unusual arrangement he struck with some key investors and colleagues among Facebook’s shareholders.

Facebook’s core values include a powerful, results-oriented, anti-theoretical philosophy called “The Hacker Way,” according to founder Mark Zuckerberg.
“The Hacker Way is an approach to building that involves continuous improvement and iteration,” Zuckerberg writes. “Hackers believe that something can always be better, and that nothing is ever complete. They just have to go fix it — often in the face of people who say it’s impossible or are content with the status quo.”